Countries of the world, list of countries

Basic Indicators in year 2006

Population 1.1 billion
Population growth rate 1.38%
Inflation Rate 5.3%
GDP (PPP) $4.042 trillion
GDP growth $796.1 billion
GDP growth rate 8.5%
GDP per capita (PPP) $3.700

Population in India is 1.1 billion and population growth rate is 1.38% a year. As it was mentioned before, it has largest economy and the third largest in Asia behind Japan and China, because GDP (Gross Domestic Product) Purchased Parity Power (PPP) is $4.042 trillion and GDP growth is $796.1 billion. GDP growth rate is 8.5%, it means that Indian economy is increasing. Also it seemed that a young people can find job in India and they will increase the labour force in the next few years. It can be found in the Figure 1 of GDP by sectors that the biggest percentage is services, which amount for 61 per cent; agriculture and industry are equal 20 and 19 per cent of all GDP during 2005. In addition, this explains why Indian industry is not big enough; having in mind that it is the fast growing economy. According to an article “Virtual Champions” by the journal Economist, only 100.000 people have five or more year’s experience in Indian industry. Usually Indian manufacturing is fast growing, but it will not create huge numbers of job, because India has tended to be in short supply and expensive. Also labour has remained plentiful and cheap because there are many people who live in the villages and need work to escape from the rural redundancy. On the other hand, India has plenty of farmers, as fruit and vegetables are far more labour-intensive than rice and wheat. Nevertheless, there are many reasons which do not help to create a bigger industry in India, for example including regulatory problems and woeful infrastructure.

India is moving forward with market-oriented reforms of economic as liberalized foreign investment and exchange regimes, industrial decontrol, significant reductions in tariffs and other trade barriers, reform and modernization of the financial sector, significant adjustment in government monetary and fiscal policies, and also safeguarding intellectual property rights.

Major partners in India are the United States, China and European, which can be found in the Figure 2. The USA in India is the largest trading partner- 16.7 per cent, but as import it is in the second place with just 5.6 per cent. Also China is the largest import partner- 7.3 per cent, but it is in the second place as trading partner with just 6.6 per cent. European Unions’ exports and imports are almost equal 4.9 and 4.7 per cent.

India’s economy is growing, that’s why the demand of labour force is growing. In 2005 in India there was the most of labour force working in agriculture; it is 60 per cent, than in services – 28 per cent and in industry – just 12 per cent. It is not a surprise that the largest labour force is in agriculture, because agricultures’ products, cotton and tea are the most important goods which are being exported to other countries such as the USA, China or EU. Also there are more exported goods as engineering goods, precious stones, gems and jewellery, and handicrafts. On the other hand import in India is not as important as export is (see Figure 2), because India has just started to move the companies to foreign countries or doing business there. And the major goods of import are just machinery and transport equipment, electronic goods, petroleum, chemicals, gold, iron and steel.

It is important to analyse the most famous international companies, which help to increase India’s economy. As it is known, India in these days is the most popular for investors from foreign countries, e.g. for the United States, Germany, United Kingdom and others. Because India is young while doing business and creating new companies. It is also important to mention that India’s businessmen need more experience and training for being successful employees in companies, for example some sectors of economy growing, such as producing of cars is growing at annual rate of over 15 per cent per year.
 

ome useful phrases in Hindi language would be:

Hello = NA-MA-SKAR;

goodbye = ACH-HA;

please = KRIP-YA;

thank you = DHAN-YA-VAD;

it is nice to meet you = AAP SE MIL KE KHU-SHI HUI .